# Punchcard

> Punchcard (formerly Agentive) is a Provo, Utah startup building an AI-powered operating system for financial audits and assurance work. Its platform uses assertion-driven AI agents that read documents, run testing procedures from natural language instructions, and draft cited workpapers - collapsing audit planning, client document requests, evidence testing, and documentation into one workspace so CPA firms can move through substantive testing far faster.

- **Founded:** 2023
- **Headquarters:** Provo, Utah, United States
- **Founders:** Daniel Alberson (Co-founder & CEO), Nathan Turnbow (Co-founder & CTO), Jason Draper (Co-founder)
- **Team size:** ~6-10 employees
- **Products:** CoAudit, Request, Workpaper Agent, Financial Statement Review
- **Notable:** Accepted into Y Combinator's Summer 2023 batch., Backed by Dell Technologies Capital, General Catalyst, Foundation Capital, Liquid 2, and Ritual Capital., Reports up to 10x efficiency on substantive testing and ~90% reduction in review time.

## Products & services

- **CoAudit** — Collaborative substantive-testing workspace where AI agents read documents, extract fields, run comparisons, and generate cited workpapers.
- **Request** — Purpose-built client document request flows with structured requests and instant feedback, requiring zero client training.
- **Workpaper Agent** — AI that produces first-draft workpapers for detail testing, control testing, and contract review, complete with reasoning traces.
- **Financial Statement Review** — TB-to-FS tie-outs, disclosure checklists, and cross-section consistency checks for financial statement review.

## Achievements

- Accepted into Y Combinator's Summer 2023 batch.
- Backed by Dell Technologies Capital, General Catalyst, Foundation Capital, Liquid 2, and Ritual Capital.
- Reports up to 10x efficiency on substantive testing and ~90% reduction in review time.
- Adopted by named firms including Richey May, JLK Rosenberger, Larson & Company, RSM Ebner Stolz, and Stambaugh Ness.
- SOC 2 certified and GDPR compliant with bank-grade security.

## Latest updates

- **2025-01** — Rebranded from Agentive to Punchcard, positioning the product as 'the assurance system of action.'
- **2025-01** — Expanded product suite with Financial Statement Review (TB-to-FS tie-outs, disclosure checklists, consistency checks).

## Links

- Website: https://punchcard.com
- LinkedIn: https://www.linkedin.com/company/goagentive
- Twitter/X: https://twitter.com/MyPunchCard
- Facebook: https://facebook.com/MyPunchCard

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Profile page: https://yespress.io/punchcard-yc-s23
Published by YesPress — https://yespress.io
Last updated: 2026-07-30